Transparens och likabehandling på företagsobligationsmarknaden

• In this article, we present a mapping of the regulation of the primary and secondary market for corporate bonds in Sweden. We particularly focus on issues of transparency, including prospectus rules, issuers financial information, disclosure of insider information, and equal treatment of bondholders. We then analyse to what extent the regulation secures transparency and equal treatment of bondholders. Our analysis shows a number of issues that deserve attention from policy makers, such as the information given to investors in an issuance in the primary market, the requirement for transparency on trade and pricing, and guidance on how to apply the principle of equal treatment of bondholders in a number of situations. Further research is also needed to better understand how corporate bond issuers should interpret the market abuse regulation's requirement for disclosure of insider information, and on the role and risks for market makers.

Ämnesord

SAMHÄLLSVETENSKAP  -- Juridik -- Juridik och samhälle (hsv//swe)

SOCIAL SCIENCES  -- Law -- Law and Society (hsv//eng)

Nyckelord

Private Law

civilrätt

Publikations- och innehållstyp

ref (ämneskategori)

art (ämneskategori)